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91_HB0794
LRB9103155EGfg
1 AN ACT to amend the Illinois Pension Code by adding
2 Section 7-199.4.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Pension Code is amended by
6 adding Section 7-199.4 as follows:
7 (40 ILCS 5/7-199.4 new)
8 Sec. 7-199.4. To establish and administer a defined
9 contribution retirement plan.
10 The Board may design and implement a defined contribution
11 retirement plan as an alternative to the benefits currently
12 provided by the Fund.
13 Section 99. Effective date. This Act takes effect upon
14 becoming law.